Real Estate Investing in Elkmont, Alabama (35620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35620 (Elkmont, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elkmont, AL (35620)?
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Market Analysis: 35620 Elkmont
Turning to rents, ZIP 35620 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $265K median. It rewards specialists, not generalists.
Meanwhile, the numbers look inviting — $265K purchase price, 0.0% nominal cap — the work to hit that pro forma in 35620 is substantial and deserves full respect.
From a cash-flow lens, 35620 offers a low basis, the region around Elkmont has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 35620 ZIP's population of 10,990 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 35620 is an operator game, not a passive one. From an investor standpoint, entry prices of $265K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elkmont:
Property Strategy for 35620
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $252,973 | $1,500 | 4.3% | +8.8% | $84,324 |
| 4BR | $312,092 | $1,870 | 4.3% | +8.9% | $78,023 |
Market Trends
Home Value History (with trend line)
📊 How Does 35620 Compare?
| Metric | 35620 | Elkmont | Huntsville, AL | Alabama |
|---|---|---|---|---|
| Home Value | $264,804 | $264,804 | N/A | $231,003 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 5.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35620 (Elkmont, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,804 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 35620
Population: 10,990
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 35620
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What strategy should investors use in Elkmont, AL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Elkmont, AL. The numbers - $265K homes against $1,044/mo rents - support that play.
Is Elkmont, AL a good place for real estate investing?
Our data puts Elkmont, AL at 3.0/5 for investability. Home prices of $265K and rents around $1,044/mo create a solid backdrop for investor activity.
Do landlords face vacancy issues in Elkmont, AL?
Elkmont, AL carries elevated vacancy risk. Expect consistent absorption at market rents of $1,044/mo.
Is Elkmont, AL good for landlords?
AL law landlord-friendly for landlords, and Elkmont inherits those rules. Investors should still review local ordinances for rental licensing.
How deep is the rental pool in Elkmont, AL?
The renter base in Elkmont, AL is reasonable for the $1,044/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 35620 now. You don’t know where it ranks.
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How 35620 ranks in Huntsville, AL
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